- Based on trends in the front end of the month, Wells Fargo analyst Cameron McKnight sees Macau gaming revenue growth of 19%-21% Y/Y in Nov. He expects "ADR to remain strong following the end of China Communist Party Third Plenum meetings."
- Casino stocks with operations in Macau that stand to benefit include Melco Crown (MPEL +0.9%), Las Vegas Sands (LVS +0.8%), Wynn Resorts (WYNN +0.7%), MGM Resorts (MGM +0.7%), Galaxy Entertainment (GXYEF +0.5%), and SJM Holdings (SJMHF -2.1%).
- Previous: October record month for Macau casinos
Gambling Stock Roundup: Caesars Entertainment Misses; Churchill Downs to Buy Big Fish Games - Analyst Blog
at Zacks.com (Nov 17, 2014)